China’s largest soybean growing province to expand planting
Heilongjiang province said it will increase soybean production by 10 million mu (667,000 hectares) in 2022.
The government has put more focus on increasing soybean production in recent weeks. If Heilongjiang achieved this, it would be raising national harvested area by about 8%.
The province is likely to shift the balance of subsidies to favor soybeans over corn. This will likely lead to marginal increases in soybean planting.
But it wi...